GSA Capital Partners LLP bought a new stake in Williams Partners LP (NYSE:WPZ) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 12,447 shares of the pipeline company’s stock, valued at approximately $499,000.
Other hedge funds also recently modified their holdings of the company. RMB Capital Management LLC acquired a new position in Williams Partners in the first quarter valued at approximately $407,000. Oppenheimer & Co. Inc. boosted its stake in Williams Partners by 10.7% in the first quarter. Oppenheimer & Co. Inc. now owns 21,252 shares of the pipeline company’s stock valued at $868,000 after acquiring an additional 2,048 shares during the period. Trust Asset Management LLC boosted its stake in Williams Partners by 1.5% in the second quarter. Trust Asset Management LLC now owns 138,461 shares of the pipeline company’s stock valued at $5,554,000 after acquiring an additional 2,062 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Williams Partners by 10.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 214,000 shares of the pipeline company’s stock valued at $8,584,000 after acquiring an additional 20,000 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its stake in Williams Partners by 36.0% in the second quarter. BNP Paribas Arbitrage SA now owns 34,065 shares of the pipeline company’s stock valued at $1,366,000 after acquiring an additional 9,015 shares during the period. Institutional investors own 22.76% of the company’s stock.
A number of equities analysts have commented on WPZ shares. Wells Fargo & Company decreased their target price on Williams Partners from $49.00 to $45.00 and set an “outperform” rating for the company in a research note on Tuesday. Stifel Nicolaus restated a “buy” rating and issued a $48.00 target price on shares of Williams Partners in a research note on Friday, July 21st. Zacks Investment Research downgraded Williams Partners from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Wolfe Research started coverage on Williams Partners in a research note on Monday, September 25th. They issued an “outperform” rating and a $45.00 target price for the company. Finally, BidaskClub downgraded Williams Partners from a “hold” rating to a “sell” rating in a research note on Thursday, September 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Williams Partners currently has a consensus rating of “Buy” and a consensus price target of $44.93.
In related news, Director H Brent Austin purchased 1,000 shares of the firm’s stock in a transaction dated Friday, September 22nd. The shares were acquired at an average cost of $38.66 per share, with a total value of $38,660.00. Following the completion of the purchase, the director now directly owns 9,958 shares of the company’s stock, valued at $384,976.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Williams Partners LP (NYSE:WPZ) opened at 39.41 on Wednesday. The stock’s 50 day moving average price is $39.03 and its 200 day moving average price is $39.77. The firm has a market capitalization of $37.67 billion, a P/E ratio of 23.70 and a beta of 1.40. Williams Partners LP has a 12 month low of $32.93 and a 12 month high of $42.32.
Williams Partners (NYSE:WPZ) last issued its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.09). The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $2.13 billion. Williams Partners had a return on equity of 5.90% and a net margin of 17.82%. On average, analysts forecast that Williams Partners LP will post $0.76 earnings per share for the current year.
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About Williams Partners
Williams Partners L.P. is an energy infrastructure company. The Company has operations across the natural gas value chain from gathering, processing, and interstate transportation of natural gas and natural gas liquids to petchem production of ethylene, propylene, and other olefins. It operates through its Northeast G&P, Atlantic-Gulf, West segment.
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